Michael Hill International (ASX:MHJ) COGS-to-Revenue : 0.39 (As of Dec. 2023)

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What is Michael Hill International COGS-to-Revenue?

Michael Hill International's Cost of Goods Sold for the six months ended in Dec. 2023 was A$139.8 Mil. Its Revenue for the six months ended in Dec. 2023 was A$362.8 Mil.

Michael Hill International's COGS to Revenue for the six months ended in Dec. 2023 was 0.39.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Michael Hill International's Gross Margin % for the six months ended in Dec. 2023 was 61.47%.

Michael Hill International COGS-to-Revenue Historical Data

The historical data trend for Michael Hill International's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Michael Hill International COGS-to-Revenue Chart

Michael Hill International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.38

0.40

0.37

0.35

0.36

Michael Hill International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.35	0.36	0.35	0.37	0.39

Michael Hill International COGS-to-Revenue Calculation

Michael Hill International's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	223.949	/	625.694
	=	0.36

Michael Hill International's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	139.794	/	362.784
	=	0.39

Michael Hill International (ASX:MHJ) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Michael Hill International's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	139.794 / 362.784
	=	61.47 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Michael Hill International COGS-to-Revenue Related Terms

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Michael Hill International (ASX:MHJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Michael Hill International Ltd (ASX:MHJ) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

MHJ:New Zealand

Address

34 Southgate Avenue, Cannon Hill, QLD, AUS, 4170

Website

https://www.michaelhill.com

Michael Hill International Ltd is an Australia based specialist retail jewellery chain engaged in the sale of jewellery and related services. It operates stores in Australia, New Zealand and Canada. The group derives prime revenue from Australia. The product portfolio of the company includes Rings, Earrings, Pendants and Necklaces, Bracelets, Bangles and other products.

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